A recent news article published in the Singapore Business Review reports that SG throned top international shipping centre for the 9th time.
Strong collaboration key to success
Senior Minister of State for Finance and Transport, Chee Hong Tat, said the latest recognition of Singapore’s maritime sector was possible because of strong collaboration between the country and its tripartite partners.
“I thank our industry and unions for their resilience during the pandemic. We will continue to innovate and grow together, and bring Maritime Singapore to greater heights,” the senior minister said.
Besting 42 other maritime locations, Singapore was crowned anew as the top international shipping centre by global maritime data provider, Baltic Exchange, and Chinese state news agency, Xinhua.
Ninth consecutive year of ranking first in the index
According to the Maritime Port Authority (MPA), Singapore topped the Xinhua-Baltic International Shipping Centre Development (ISCD) Index in 2022, marking its ninth consecutive year of ranking first in the index.
MPA said countries were scored based on factors like cargo throughput, port facilities, maritime services and business environment.
“Singapore is ranked first, based on its robust port infrastructure, a comprehensive range of maritime services and supportive government policies,” the MPA said.
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Source: SBR
